STAY LIVELY! Can a single candle mean something?Patterns tend to repeat themselves. There is an interesting similarity happening here.
Bear in mind that the markets are random but do hold hidden patterns.
Caution and controlling loss are the big priorities. Positioning the next.
I'm stalking this situation very carefully. No predictions today or at any other time.
Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Ustech
NASDAQ SETUP📪 NEWS TO LOOK OUT FOR TODAY AND HOW IT WILL MOVE THE MARKET 📭
- IPhone 12 Pro is $100 more expensive than the IPhone 11 Pro: people can’t afford it, weak economy, no approved stimulus.
- Trump’s stimulus offer didn’t meet requirements: when stimulus does get approved stocks will sky rocket.
- Amazon prime day today, expect Amazon to rally: German Amazon employees are striking today during Amazon prime day due to wages + over 16K employees are infected with Covid-19
- Apple 5G: expect more sales on the Asian market, can expect to Apple to rally during Asian sessions.
- US presidential election coming soon: markets will mostly consolidate and not make new highs or lows until there’s clarity on who’s going to win.
all of this news affects Nasdaq
USTECH: Can you take the loss?Nobody except me talks openly about losses. So here I go again: can you take the loss?
USTECH is at a nice position. You absolutely cannot 'know' what it will do. All gurus who make predictions are wrong. They cannot and do not own the future. I never make predicitions.
It's either the loss is affordable, in order to gain or it isn't.
The markets are there to surprise us and make fools of us. The main thing we can control is how stupid the markets aim to make us out to be.
Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
NASDAQ SETUP - DON'T SLEEP ON THIS $07/20/2020 NEWS FOR NASDAQ
- Trump halts stimulus, stocks fall drastically which represents that the market is heavily dependent on a stimulus.
- Trump immediately counter acts his tweet to a much lower stimulus. Why? Well because he is heavily dependent on the success of the markets - I assume he tried to repair the damage of the stocks after the the sell off from the negative news, this shows that Trump will do almost anything to see the markets succeed which Investors already know.
- Apple new Iphone launch date 13 October, Apple does extremely well selling iPhones so we can expect a rally in tech stocks during the event and the day before. Keep in mind that the economy does need a stimulus so a lot of household can’t afford the Iphone 12 due to lack of funds, all though this factor won’t rival the rally.
- Biden is full in for stimulus backing, him leading the polls and mainly winning would lead to a rally in stocks.
- Major Tech companies under investigation.
NASDAQ BUY - APPLE PRODUCT RELEASE AND SNOWFLAKE IPOLooking at buying Nasdaq at respective zones, mainly because of fundamental news and a confirmation with an inverse Head and Shoulders pattern.
Projected TP is 11560, if broken I'm seeing 11800/12000.
If you enjoy my ideas please like and follow, motivates me to keep posting here.
NASDAQ TRADE IDEA We are seeing another rally due to vaccine hopes as well as the potential purchase of a cancer research company from Gilead. Also some more news later this week from Apple and Tesla which could potentially lead to another rally.
Right now I'm waiting for price to fulfil this gap and then make a decision based off how price reacts to this zone, currently selling down to market gap or at least 11150.